Nykaa Q2 Update: Beauty vertical posts revenue growth in mid-twenties, fashion segment records NSV growth at early teens

FSN E-Commerce Ventures Ltd, the parent company of Nykaa announced that the company witnessed strong performance in the July- September quarter with consolidated net revenue growth of mid-twenties in Q2FY2025.

Performance across segments

Nykaa said that its beauty vertical has delivered a robust net revenue as well as Net Sales Value (NSV) growth of mid-twenties, with GMV growth even higher. Overall performance, it added, was strong across omnichannel retail business, owned brands as well as eB2B distribution business, ahead of the festive season. Skincare brand Dot & Key, in which Nykaa has a majority 90 per cent stake, continued to experience rapid growth.